Armed Gang Robs Chanel Boutique in Paris

The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
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Armed Gang Robs Chanel Boutique in Paris

The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File

An armed gang on Thursday robbed a Chanel watch and jewelry store near the swanky Place Vendome in central Paris in broad daylight, police told AFP.

Nobody was hurt during the heist, and there was no immediate indication of the bounty's value, AFP said.

Police said at least one of the four, who were all masked and wore helmets, carried an assault rifle, with a witness saying that the others also had automatic weapons.

They made their getaway on two motorbikes in a scene that was filmed by a bystander and widely shared on social media.

The clip shows three people dressed in black leaving the boutique while a fourth, carrying an assault rifle on a shoulder strap, waited on a motorcycle.

A witness, 26-year-old Anastasia Martino who works in a clothes store across from Chanel said she was on a cigarette break when she noticed "a man with a Kalashnikov on a motorbike", at around 2:30 pm (1230 GMT).

"Two minutes later, three other men left the boutique carrying big black bags. They, too, had automatic weapons, got on two motorbikes and left in a hurry."

Her colleague, 31-year-old Cyril Ngo, said the heist lasted a full 10 minutes. "These weren't professionals," he said.

The Chanel shop is located on Rue de La Paix, close to Place Vendome, an area with a high concentration of luxury jewelry stores.

Police cordoned off the area shortly after the robbery, and the store was shuttered.

Chanel, founded in 1910 by Coco Chanel, is one of France's leading fashion houses, selling haute couture and ready-to-wear clothes, perfumes, accessories and other luxury items.



Dr Martens Slips into the Red; Says Festive Season Off to a Good Start

FILE PHOTO: People enter in a Dr. Martens store in Manchester, Britain, May 26, 2023. REUTERS/Jason Cairnduff/File Photo
FILE PHOTO: People enter in a Dr. Martens store in Manchester, Britain, May 26, 2023. REUTERS/Jason Cairnduff/File Photo
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Dr Martens Slips into the Red; Says Festive Season Off to a Good Start

FILE PHOTO: People enter in a Dr. Martens store in Manchester, Britain, May 26, 2023. REUTERS/Jason Cairnduff/File Photo
FILE PHOTO: People enter in a Dr. Martens store in Manchester, Britain, May 26, 2023. REUTERS/Jason Cairnduff/File Photo

Dr Martens said on Thursday that the autumn-winter festive season had got off to an encouraging start after the struggling bootmaker swung to a first-half pretax loss on weak demand in the United States, its biggest market.
Its shares, which have lost about a quarter of their value so far this year, rose 16% in early trade, Reuters reported.
The British company, whose chunky lace-up boots popularly known as "Docs" or "DMs" were originally made for workers before becoming a fashion statement in the 1960s, has been contending with a weak North American market and is betting on the festive season to shore up its sales and profit.
Dr Martens expects to make cost savings of about 25 million pounds ($31.64 million) in its fiscal year to end-March, 2026 with around two-thirds of that coming from job cuts.
The company reported a pretax loss of 28.7 million pounds for the six months ended Sept. 29, compared with a profit of 25.8 million pounds a year earlier. Revenue dropped 18% to 325 million pounds.
To halt the decline in profit at a time when consumers are shying away from pricy items such as the brand's $170 classic boots, Dr Martens has sought to cut costs while also increasing spending on US marketing.
"Our new marketing campaigns are showing encouraging early signs, with strong sales of new product, giving us confidence that we will return USA (direct-to-consumer) to positive growth in the second half," outgoing CEO Kenny Wilson said in a statement.
Wilson, who announced in April that he would step down, will be replaced by Chief Brand Officer Ije Nwokorie on Jan. 6, the company confirmed on Thursday.
It maintained its fiscal 2025 outlook of a single-digit percentage year-on-year revenue drop, with a worst-case scenario of pretax profit at around one-third of the previous year's.